$100 in 1997 is worth $107 in 2000,
because prices increased 7.3% over that period, an average of
2.37% a year.
$100 in 1997 has
the same buying power as
$107
in 2000
Detailed inflation statistics
Cumulative price change
7.3%
Average inflation rate
2.37% per year
Converted amount ($100 base)
$107
Price difference ($100 base)
$7.29
CPI in 1997
160.5
CPI in 2000
172.2
Inflation in 1997
2.29%
Inflation in 2000
3.36%
$100 in 1997 → 2000
$107
$100 in 2000 → 1997
$93.21
What happened to prices between 1997 and 2000
Between 1997 and 2000, the Consumer Price Index went from 160.5 to 172.2.
Cumulatively, prices increased 7.3%, which works out to an average of
2.37% per year. Put differently, a dollar in 1997 bought what
$0.93 buys in 2000: the 1997 dollar
lost 6.8% of its purchasing power over
these 3 years.
The median household earned about $37,000 in 1997, gas averaged $1.23 a gallon, and a new home
cost roughly $146,000. Inflation ran at 2.3% for the year, its lowest reading since the
mid-1980s, as a strong dollar and falling import prices helped keep costs in check at home even
as trouble built abroad. In July, Thailand devalued the baht, and the currency collapse that
followed spread within months to Indonesia, South Korea, and other Southeast Asian economies,
forcing IMF bailouts and years of recession across the region, though the crisis had little
immediate effect on U.S. prices. At home, Washington had a calmer year: in August, President
Clinton and Congress agreed on the Balanced Budget Act and the Taxpayer Relief Act, which cut
capital gains tax rates, created the Roth IRA, and set the federal budget on a path to its first
surplus in nearly three decades. In September, the federal minimum wage completed a two-step
rise to $5.15 an hour, where it would stay for a decade. Low inflation, a firming budget picture,
and a crisis unfolding an ocean away made 1997 a year the U.S. economy looked stronger than much
of the rest of the world’s.
Every 1997 amount converts to 2000 at the same ratio, 1.07: $1,000 becomes
$1,073, and $10,000 becomes $10,729.
Amount in 1997
Value in 2000
$1.00
$1.07
$5.00
$5.36
$10.00
$10.73
$20.00
$21.46
$50.00
$53.64
$100
$107
$500
$536
$1,000
$1,073
$5,000
$5,364
$10,000
$10,729
$100,000
$107,290
$1,000,000
$1,072,897
Inflation by spending category, 1997–2000
Between 1997 and 2000, energy rose the most, up 11.7%, while apparel fell 2.5%, against 7.3% for all items. The headline number is an average; here is what $100 of 1997
spending costs in 2000, by category:
Category
Avg. yearly inflation
$100 in 1997 →
All items (CPI-U)
2.37%
$107
Energy
3.77%
$112
Medical care
3.59%
$111
Housing
2.65%
$108
Core (all items less food & energy)
2.27%
$107
Food
2.18%
$107
Transportation
2.04%
$106
Education & communication
1.37%
$104
Recreation
1.22%
$104
Apparel
-0.83%
$97.52
Year by year: CPI and the value of $100 from 1997
$100 from 1997 had already become $102 by
1998, on its way to $107 in 2000; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.4% in 2000, and the smallest rise was 1.6% in 1998.
In 2000, prices rose 3.4% and $100 from 1997 had the buying
power of $107; the year's average CPI of 172.2 is the level
behind every 2000 figure on this page.
Inflation ran at 3.4% in 2000, the highest annual rate since 1991, as an economy growing
above 4% and a rise in oil prices pushed the CPI up. The median household earned about
$42,100, gas averaged $1.51 a gallon, and a new home cost roughly $169,000. The Federal
Reserve had raised interest rates six times since mid-1999 and stopped at 6.5% in May. By
then the stock market had already turned: the Nasdaq hit its record of 5,048 on March 10 and
lost about 39% of its value by December. Consumer prices did not reflect the slowdown yet,
which is why the Fed held rates high through the year even as technology companies began to
fail. In October, Congress granted China permanent normal trade relations, a decision that
would help hold down the price of manufactured goods for years. A first-class stamp cost 33
cents and the federal minimum wage was $5.15. The recession of 2001 brought inflation back
down.
MLA: “Inflation from 1997 to 2000: $100 is worth $107 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1997-to-2000/
APA: InflationCalculator.com. Inflation from 1997 to 2000. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1997-to-2000/